Buying up the farms

Policy developments may be thin on the ground as politicians around the world take a break, but that hasn't stopped a flurry of wind and solar acquisitions.

August may be a quiet month for policy developments in clean energy, with many of the decision-makers on holiday, but recent days have seen a flurry of project acquisition deals. Theolia of France announced the sale of an 18MW wind farm to its investment vehicle – Theolia Utilities Investment – to recover cash for future projects.

Consolidated Edison's development unit bought two solar plants in California from GCL-Poly Energy Holdings for $US266 million. The plants – with a capacity of 92MW – are slated to start operating in the fourth quarter.

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